Banking
BoG sees ample capital space for banks to sell bad loans
The Bank of Greece (BoG) presents in its semiannual overview of the Greek financial system a sensitivity analysis on active NPE management by Greek financial institutions in relation to the operational targets of reducing their stock to 64.6 billion euros, from 101.8 billion, by the end of 2019.
Clearer picture emerging ahead of stress tests, banks appear confident
As Greece’s banks gear up for the stress tests at the start of next year, a clearer picture is emerging as the Troubled Assets Review (TAR) is underway and banks are firming up their assessments about the implementation of the new provisioning standards in IFRS 9.
Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
Alpha Bank’s reported net profits stood at 35.5 million in the third quarter (Q3) of 2017, attributable entirely from profits originating from continued operations.
Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
Piraeus Bank’s third quarter (Q3) results showed a net loss of 19 million euros, undoing the net profit of 7 million euros seen in Q2.
NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
National Bank of Greece (NBG) reported a net loss of 35 million euros in the third quarter (Q3) of 2017, slowing from a loss of 156 million euros in Q2.
Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
Eurobank’s results for the third quarter (Q3) of the year showed net profits after income tax at 61.2 million euros compared to net profits of 37.3 million euros in Q2, a rise of 64.1 percent.
Banks enhance steps to deal with NPLs ahead of stress test
Greek banks will be able to bolster their protective measures against the large number of non-performing loans (NPLs) on their books under planned changes to the Code of Civil Procedure.
Eurobank raises 500 mln with covered bond issue
Eurobank became the second major Greek bank to return to the international markets with the issuance of a covered bond on Wednesday, its first since 2014.
Trust in Greek banking system shaky, survey suggests
Trust in the Greek banking system has been badly damaged by events of recent years according to a survey by Alvarez & Marsal on behalf of the Bank of Greece.
NBG steps back into markets with 750 mln covered bond issue
The National Bank of Greece (NBG) has become the first Greek bank to venture back into the international bond market with the successful issue of a covered bond which raised 750 million euros.